Topic summary
Constant capital
Extracted from the Wikipedia article Constant and variable capital.
Constant capital (c; German: konstantes Kapital) is a concept created by Karl Marx and used in Marxianpolitical economy. It refers to one of the forms of capital invested in production, which contrasts with variable capital (v; German: variables Kapital). The distinction between constant and variable refers to an aspect of the economic role of factors of production in creating a new value.